Homeowners Insurance

Homeowners insurance provides financial protection against losses and damages to a person’s house and possessions. It also offers liability coverage against accidents in the home or on the property. Homeowners insurance is typically required by lenders when taking out a mortgage.

Premiums vary based on the location, size, age, and value of the home as well as any additional coverage that may be purchased. Common coverage includes reconstruction costs, property damage from fire or weather events, theft of personal property, and living expenses in the event that the home is uninhabitable due to an insured disaster.

When selecting an insurance policy, it is important to consider what type of coverage is best suited for the individual’s needs. Homeowners should make sure they understand the details of their policy and what is excluded from it in order to fully protect themselves financially.